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Donchian Trader

Donchian Trader is a Multi Index, Auto Timeframe, Expert Advisor. It features a Donchian Channel strategy for different indices on the daily timeframe. Donchian Trader will monitor trades and adjust to market conditions.

Donchian Trader is a multi index EA, For now, it will trade the Dow Jones (US30), S&P 500 (US500) and DAX (GER30). Also, Donchian Trader is auto timeframe. Just drop the EA on any chart and start trading. Only one chart is needed, Donchian Trader will trade the indices you pick from the settings. You can monitor your progress with the status monitor on-screen.

Strategy

The current Donchian Channel strategy is developed for the current market conditions. Backtesting the strategy can be done for all indices and all history available.

Please take note. The strategy is for D1 and will only open long trades. The strategy will only trade a few times per year.

Quick Start

Drop Donchian Trader on any chart of any timeframe, set the 'Trade ONLY Current Symbol H1?' to false, and finally set your risk preference and run it. You just need Donchian Trader on one chart only.

Settings

To keep things simple, Donchian Trader has only a few simple settings

  • Magic number - Set to the number you like, or leave as it is.
  • Order comment - Set to the custom comment you want for your trades.
  • Show info panel? - Set to true to show the info panel with status monitor on your chart.
  • Show results for - Pick today, this week, this month or this year for the results in the info panel.
  • Fixed lot size - Set to the lot size you want to use.
  • Use risk based lot sizing? - Set to true if you want your lot size to depend on your balance.
  • Risk percent of account - Set to the factor depending on you balance and leverage, default is good for medium risk.
  • Stack trades? - Set to true to apply the logic of the last trades to all open trades of the index. This more than double profitability but does the same to drawdown. When false all trades have their own logic.
  • Trade ONLY Current Symbol H1? - Set to true to trade symbol of the chart the EA is on, this is only for test purposes. Set this to false for live trading!
  • Trade US30 D1? - Set to true to trade this index.
  • Symbol name if not US30 - Enter the symbol name your broker has for US30
  • Trade US500 D1? - Set to true to trade this index.
  • Symbol name if not US500 - Enter the symbol name your broker has for US500
  • Trade GER30 D1? - Set to true to trade this index.
  • Symbol name if not GER30 - Enter the symbol name your broker has for GER30

Free Demo

Donchian Trader will work in the Strategy Tester. However, only the symbol/index selected in the Strategy Tester is detected. This is a limitation of the Strategy Tester. Keep in mind that all strategies are developed, tested and validated for the current market conditions. That in mind, all strategies will survive a full history backtest on tickdata.


Odds & Ends

  • Donchian Trader is not resource hungry. If issues arise, disable the info panel.
  • When backtesting in visual mode, please consider disabling the status monitor to speed things up.
  • You can delete pendings, close trades and adjust any stop loss or even add a take profit for any trade. It will not bother Donchian Trader.


Thank you

Do not hesitate to contact me. Let me know what you think of Donchian Trader. Only with your help, I can create better tools for MetaTrader 4.


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Bogdan Ion Puscasu
4.85 (13)
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El EA abre una posición cuando el mercado comienza a moverse durante la sesión de Nueva York (mayor volumen). De esta manera, el impulso se mantiene gracias al volumen, y podemos alcanzar el Take Profit con alta probabilidad de forma instantánea. Señal (292%, 10% DD):   https ://www .mql5 .com /en /signals /2274145 Apertura basada en el impulso durante la sesión de Nueva York El EA detecta el impulso oculto a través de FVGs en marcos temporales menores. Cuando el impulso se detecta poco antes o
I just sell my products in Elif Kaya Profile , any other websites are stolen old versions, So no any new updates or support. - Lifetime update free -   Real price is 1000$   - Limited Discount (It is now 299$) Welcome, Bitcoin Expert opens automatically trade with Highly profit, Fixed Stop loss. After purchase, You can receive  Gold Trade Expert  for  Free ! Contact me for this  BONUS ! No Martingale, No Grid, No Scam Strategy Tester is not covered critical news. Bitcoin is a cryptocurrency, a
CyNera MT4
Svetlana Pawlowna Grosshans
2.8 (15)
CyNera: Su Trading, Nuestra Tecnología Señales >400%:  CyNera Señales >500%: CyNera Turbo Manual y archivos de configuración: contáctame después de la compra para recibir el manual y los archivos de configuración Precio: El precio sube según el número de licencias vendidas Copias disponibles: 4 Operar con oro, uno de los instrumentos más volátiles del mercado, exige precisión, análisis profundo y una sólida gestión del riesgo. El Asesor Experto de CyNera integra perfectamente estos elementos e
Golden Rhythm - Comercio Adaptativo con Protección de Noticias Incorporada Golden Rhythm - Domina la Volatilidad con Facilidad Access the expert details here . Please join our channel here . ¡Aprovecha la tecnología de vanguardia con Golden Rhythm! Este EA está optimizado para adaptarse a los mercados volátiles, brindando a los traders las herramientas que necesitan para controlar el riesgo mientras maximizan el rendimiento. Ya sea que estés comenzando o seas un trader profesional en busca de ca
Gold ISIS MT4
Lo Thi Mai Loan
5 (2)
EA Gold Isis – Una solución segura y efectiva para el trading de oro  ¡Promoción de lanzamiento!  ¡Solo quedan 1 copias al precio actual!  Próximo precio: $598 Precio final: $1998  SEÑAL EN VIVO  Versión para MT5   ¡Hola! Soy EA Gold Isis, el segundo asesor experto (EA) de la familia Diamond Forex Group, diseñado específicamente para operar con oro (XAU/USD). Con características excepcionales y un enfoque prioritario en la seguridad, prometo ofrecer una experiencia de trading de oro sostenible
CoreX G MT4
Arseny Potyekhin
4.5 (8)
Resumen El CoreX G EA es un sistema de trading avanzado, específicamente diseñado para abordar la complejidad del mercado Forex. Aprovechando redes neuronales de última generación, tecnologías avanzadas de aprendizaje automático y una estrategia integrada de big data, CoreX G ofrece una precisión y seguridad excepcionales en las operaciones. Este Asesor Experto (EA) destaca por su excelencia tecnológica y su soporte al cliente de primera calidad, asegurando que los usuarios siempre reciban ayud
Goldbot One MT4
Profalgo Limited
5 (2)
PROMOCIÓN DE LANZAMIENTO: ¡Solo quedan unas pocas copias al precio actual! Precio final: 990$ NUEVO: ¡Compra Goldbot One y elige 1 EA gratis! (para 2 cuentas comerciales) ÚNETE AL GRUPO PÚBLICO:   Haz clic aquí   Oferta combinada definitiva     ->     haga clic aquí LIVE SIGNAL Presentamos     Goldbot One   , un robot comercial altamente sofisticado diseñado para el mercado del oro. Con su enfoque en el trading de ruptura, Goldbot One aprovecha los niveles de soporte y resistencia para identi
AI Golden Jet Fighter GTX     MT4 es un Asesor Experto (EA) sencillo y eficiente para operar con oro en la plataforma Meta Trader 4. Este EA, que utiliza redes neuronales, está diseñado para hacer scalping en el mercado del oro (XAU/USD). La estrategia principal de AI Golden Jet Fighter GTX se centra en identificar pequeñas fluctuaciones de precios y abrir posiciones para capturar ganancias en plazos cortos. El EA analiza las condiciones del mercado en tiempo real y ejecuta automáticamente oper
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Monster Harmonics Indicator is a harmonic pattern indicator. It recognizes Gartley, Bat, Crab, Butterfly, Cypher, White Swan, Black Swan, Shark and AB=CD patterns. Projected patterns that are not yet completed are recognized, too. Monster even shows the PRZ (Potential Reversal Zone). Users can add their own user defined patterns to Monster. Besides the current pattern, Monster also shows all patterns in the symbols history. Monster will provide alerts for developing patterns. Introduced by H.M.
MonsterDash Harmonic Indicator is a harmonic pattern dashboard. It recognizes all major patterns. MonsterDash is a dashboard that displays all detected patterns for all symbols and (almost) all timeframes in sortable and scrollable format. Users can add their own user defined patterns . MonsterDash can open and update charts with the pattern found. Settings MonsterDash's default settings are good enough most of the time. Feel free to fine tune them to your needs. The color settings are for thos
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Riskscope
Paul Geirnaerdt
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